Source: Yiwu sourcing agent Author: Helan Date: 2011-04-15
'I have to spare time to study, so I hired 4 workers with a monthly salary of 1,200 yuan,' said Li Xinmiao, a sophomore in the business starting center of Yiwu Industrial and Commercial College (YWICC). He told us that his online shop specialized in knitting products with a daily turnover of 8,000 to 9,000 yuan and the annual turnover could reach 2 million yuan with other incomes.
There are about 1,200 students doing online business like Li Xinmiao in Yiwu Industrial and Commercial College and their total income exceeds 34 million yuan per year. Many energetic student netrepreneurs have graduated from this college, such as He Hongwei, Yang Fugang and Wang Jiaying. In 2009, He Hongwei and Yang Fugang were on the 'Rich List of College Student Entrepreneurs in China'. In September of 2010, He Hongwei ranked among 'Top Ten Global Netrepreneurs' and his company's sales volume exceeded 100 million yuan. The college was honored as the 'Best Cradle for Internet Businessmen' in the 7th netrepreneurs conference in September of 2010, and was approved as a pilot unit of 'Entrepreneurial College' in the Zhejiang conference on education in December of 2010 .
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